India : Startups get $8.4 billion funding in 2015

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Startups get $8.4 billion funding in 2015

29
Dec '15

2015 was virtually year of startups with Indian and foreign investors investing a massive $8.4 billion in about a thousand deals in new ventures including e-commerce platforms. And all this, despite rising concerns about high valuations of the startups.

Industry icons like like Ratan Tata and N R Narayana Murthy are among those who have invested in Indian startups, and so have global investors like Alibaba and Softbank.

Nine hundred thirty six deals worth over $8.4 billion were signed in 2015 compared to 304 deals worth $5 billion signed in 2014, according to data compiled by domestic technology and startup blog trak.in.

Although the startup sector is buoyant, experts and some investors foresee a correction as far as valuations are concerned with the spotlight likely to be on sectors such as financial technology, healthcare and enterprise technology.

India's e-commerce sector, led by e-retailers like Flipkart and Snapdeal, and the taxi-hailing app Ola, dominated the startup investments space in 2015.

While many of these firms commanded very high valuations, a debate has begun over those figures at which many companies have received funding. (SH)

Fibre2Fashion News Desk - India

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